{"id":139022,"date":"2018-12-17T07:45:00","date_gmt":"2018-12-17T12:45:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139022"},"modified":"2018-12-17T06:59:35","modified_gmt":"2018-12-17T11:59:35","slug":"eurusd-dip-expected-following-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/eurusd-dip-expected-following-correction\/","title":{"rendered":"EURUSD: dip expected following correction"},"content":{"rendered":"
December 17, 2018<\/div>
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By Matthew Anthony, Alpari<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Friday the 14th<\/sup> of December, the euro fell to 1.1270 during the US session. The weakening of the euro was due to the publication of disappointing data concerning economic activity in the areas of manufacturing and services in the Eurozone and Germany, as well as the dollar rally against the background of favourable data in retail sales and industrial production in the US.<\/p>\n

The industrial production index in the US for November was 0.6% (forecast: 0.3%; previous: -0.2%).<\/p>\n

The volume of retail sales for November was 0.2% (forecast: 0.2%; previous: 1.1%).<\/p>\n

According to Markit, the business activity index in the manufacturing sector in the US was 53.9, and in the services sector – 53.4. They were forecast to reach 55.1 and 534.7.<\/p>\n

Day’s news (GMT+3):<\/em><\/strong><\/p>

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